Here is a 4 hour LTC/USD update. We are awaiting litecoin to make the next move to the upside. Target AT THE MOMENT would be $68.00.
But keep in mind that the market needs to stay above the last low of $52.65. for next move to the upside. Other than that, litecoin still remains bullish.
Hope that helps.
Cheers
评论
⋅
It doesn't look too strong, we think it will break the low, BUT we will try our luck again at the mentioned area in the chart.
Hi @secrets2trade, Any update on LTCUSD? It seems it held below although I was stopped out myself on my stop-loss. I have re-entered so interested in your view!
secrets2trade
⋅
@DIYIrrigation, Hey. At the moment it is very tricky, too many possibilities. I have drawn you 3 possible outcomes. My preferred view is that the market makes another new low. Let's wait and see! Hope that helps
DIYIrrigation
⋅
@secrets2trade, thanks. Yes the markets seems indecisive. Focus even more on BTC. I have drawn a rising support line with at least three touch points. As long as it holds my stop-loss is not touched.
DIYIrrigation
⋅
@secrets2trade, would be interested to learn how you determine the Targetboxes? I see the size varies from target to target. Must be more then standard Fib-levels. Maybe you are willing to share with me?
secrets2trade
⋅
@DIYIrrigation, we took this trade, was a very fast and nice profit :) Hope you took it as well.
@DIYIrrigation, Well Done! They are standard fibs BUT we use a lot of other statistical calculations in our trading.
DIYIrrigation
⋅
@secrets2trade, taking the trade with you. Nice Risk Reward whilst keeping the Stop-Loss tight. Lets see.
secrets2trade
⋅
@DIYIrrigation, You're welcome, But keep in mind that the market needs to stay above the last low of $52.65. for next move to the upside. When it breaks to the downside we would see extension lower.
DIYIrrigation
⋅
@secrets2trade, I have a very tight stop indeed just below 52.65 to give some room for spikes.